The main currency markets saw relatively steady trade during the European AM session, though EUR-USD dove below 1.1450 from the session high of 1.1519. EUR-JPY selling aided euro underperformance, with the yen relatively bid as stocks in Europe come under pressure following the negative close on Chinese bourses as the impact of the PBoC easing announcement faded. There is conjecture in forex markets that participants are wary of the weekend's Fed annual jamboree at Jackson Hole, which will be an ideal venue for guidance about whether a September rate hike is still on the cards or not.
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